TikTok Launches NFT Collection
2 min read

Social Media Giant TikTok Dives Into NFT Space With Launch of First Collection

By News Desk

Video sharing platform TikTok has announced it’s jumping into the non-fungible token (NFT) space with the launch of its own NFT collection that will be based on Immutable X, an Ethereum Layer 2 specifically for NFTs.

The new NFT collection, which the social media behemoth calls TikTok Moments, features clips from six of the most influential creators on the platform.

“Today we’re announcing our first-ever NFT collection, TikTok Top Moments, designed by some of our community-defining creators and inspired by the trending videos they created…

TikTok Top Moments features a selection of six culturally-significant TikTok videos from some of the most beloved creators on the platform. These featured creators, renowned for their cultural impact, have partnered with prominent NFT artists on one-of-one and limited edition NFTs that will include real-world redeemable value provided by the creator.”

The creators to be featured in the collection are rapper and singer Lil Nas X, Instagram artist Rudy Willingham, singer Bella Poarch, rapper Curtis Roach, TikTok stars Brittany Broski and Jess Marciante, robot rapper FNMeka, and motivational internet personality Gary Vaynerchuk.

TikTok says that the NFTs will be a way for content creators to be rewarded for their material and for their fans to be able to have digital ownership over a “culturally-significant moment” on TikTok. Each one-of-one moments will be auctioned off while the limited edition NFTs will be released weekly until the end of October. Proceeds of from sales will given largely to the content creators and the NFT artists, according to TikTok.

TikTok, where users share short video clips with their followers, is the fastest growing social media platform with over 1 billion users worldwide.

Immutable X is a next generation Layer 2 protocol that allows for NFT trading with zero gas fees and instant trade confirmation by utilizing ZK Rollups. It can process up to 9,000 transactions per second, and is partnered with Starkware to provide the zero gas fees.

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

Latest Posts

What is a layer 1 blockchain protocol
What is a Layer 1 Blockchain Protocol?
What is a layer 1 blockchain protocol

What is a Layer 1 Blockchain Protocol?

August 11, 2022 22 min read
Curve fi
Curve Finance Review: Is Curve the Backbone of DeFi?
Curve fi

Curve Finance Review: Is Curve the Backbone of DeFi?

August 11th, 2022 17 min read
Bitstamp Review
Bitstamp Review 2022: Secure and Simple Cryptocurrency Exchange
Bitstamp Review

Bitstamp Review 2022: Secure and Simple Cryptocurrency Exchange

August 6, 2022 27 min read
Phemex Review
Phemex Review 2022: Secure Crypto Exchange for Serious Traders
Phemex Review

Phemex Review 2022: Secure Crypto Exchange for Serious Traders

August 2, 2022 33 min read
How to add Polygon to Metamask
Connecting the Polygon Network to Metamask
How to add Polygon to Metamask

Connecting the Polygon Network to Metamask

August 1, 2022 11 min read
bitget review
Bitget Exchange Review 2022: Growing Crypto Exchange with BIG Potential!
bitget review

Bitget Exchange Review 2022: Growing Crypto Exchange with BIG Potential!

July 29, 2022 32 min read
Shorting the market
Declining Crypto Prices: Is Shorting Crypto a Good Idea?
Shorting the market

Declining Crypto Prices: Is Shorting Crypto a Good Idea?

July 27, 2022 29 min read

Related Posts

What is a layer 1 blockchain protocol
What is a Layer 1 Blockchain Protocol?
What is a layer 1 blockchain protocol

What is a Layer 1 Blockchain Protocol?

August 11, 2022 22 min read
How to add Binance Smart Chain to Metamask
Connecting the Binance Smart Chain to Metamask
How to add Binance Smart Chain to Metamask

Connecting the Binance Smart Chain to Metamask

July 26, 2022 10 min read
FTX vs FTX US Review
FTX vs FTX US: Which one is BEST for You?
FTX vs FTX US Review

FTX vs FTX US: Which one is BEST for You?

June 27, 2022 14 min read
Digital Land Investing in The MetaVerse
Digital Land: Investing in The Metaverse
Digital Land Investing in The MetaVerse

Digital Land: Investing in The Metaverse

June 1, 2022 30 min read
Can you still make money mining Bitcoin
Can you Still Make Money Mining Bitcoin in 2022?
Can you still make money mining Bitcoin

Can you Still Make Money Mining Bitcoin in 2022?

May 20, 2022 22 min read
Move2Earn Movement
Getting Fit with Move2Earn DApps
Move2Earn Movement

Getting Fit with Move2Earn DApps

May 4, 2022 15 min read
What is MimbleWimble
What is Mimblewimble, What Does it Do, and Why You should Care
What is MimbleWimble

What is Mimblewimble, What Does it Do, and Why You should Care

July 27th, 2022 20 min read